Cheetah Net Supply Chain Service (NASDAQ:CTNT) Issues Earnings Results

Cheetah Net Supply Chain Service (NASDAQ:CTNT) issued its earnings results on Friday. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.15), Zacks reports. The business had revenue of $0.36 million during the quarter, compared to the consensus estimate of $0.40 million. Cheetah Net Supply Chain Service had a negative net margin of 467.57% and a negative return on equity of 27.96%.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock opened at $1.37 on Friday. The firm has a market capitalization of $3.72 million, a P/E ratio of -0.94 and a beta of 1.93. Cheetah Net Supply Chain Service has a 1 year low of $1.12 and a 1 year high of $8.50. The business has a 50-day moving average of $1.74 and a 200-day moving average of $1.57. The company has a current ratio of 10.15, a quick ratio of 10.15 and a debt-to-equity ratio of 0.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.